Linkey LKY to Binance Coin BNB Exchange

Crypto Pair Details: LKY to BNB

Linkey LKY

Linkey Blockchain World Bank (simple as Linkey), is the first decentralized financial services institution supplies professional digital asset related product in the world. Based on the advanced public chain and community of technicians and financial elites from the world, Linkey provides comprehensive, safe, convenient and professional asset management and value-added services to customers. Linkey covers the business scope like savings, investment banking, insurance trust, futures, investment management and wealth management of the digital asset area and promotes the development of digital asset investment. With abundant digital financial services, Linkey provides a safe, convenient and decentralized one-stop digital asset investment management program. Customers can join the lower risk business, like saving and deposit in traditional bank; otherwise, customers can also invest financial products with low to medium level risk; even more, future products, private funds and ICO related products with high risk and profits are also supplied to customers. Through the comprehensive digital asset investing services, customers can choose and allocate their digital asset investment plan freely, which will greatly enhance the professional and effectiveness of their digital asset investment.

Binance Coin BNB

Binance Coin is the cryptocurrency of the Binance platform. It is a trading platform exclusively for cryptocurrencies. The name 'Binance' is a combination of binary and finance. Thus, the startup name shows that only cryptocurrencies can be traded against each other. It is not possible to trade crypto currencies against Fiat. The platform achieved an enormous success within a very short time and is focused on worldwide market with Malta headquarters. The cryptocurrency currently has a daily trading volume of 1.5 billion - 2 billion US dollars and is still increasing. In total, there will only be 200 million BNBs. Binance uses the ERC20 token standard from Ethereum and has distributed it as follow: 50% sold on ICO, 40% to the team and 10% to Angel investors. The coin can be used to pay fees on Binance. These include trading fees, transaction fees, listing fees and others. Binance gives you a huge discount when fees are paid in BNB. The schedule of BNB fees discount is as follow: In the first year, 50% discount on all fees, second year 25% discount, third year 12.5% discount, fourth year 6.75 % discount, and from the fifth year onwards there is no discount. This structure is used to incentivize users to buy BNB and do trades within Binance. Binance announced in a buyback plan that it would buy back up to 100 million BNB in Q1 2018. The coins are then burned. This means that they are devaluated to increase the value of the remaining coins. This benefits investors. In the future, the cryptocurrency will remain an asset on the trading platform and will be used as gas. Other tokens that are issued by exchanges include Bibox Token, OKB, Huobi Token, and more.

SOURCE: COINGECKO

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